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Trophy Club EDC approves FY2026 budget, cuts Thrive business grant to $150,000; staff updates on grant reimbursements
Summary
The Trophy Club Economic Development Corporation approved its FY2026 budget with no revenue change and a reduced Thrive Business Grant allocation of $150,000. Staff updated the board on grant inspections, reimbursements and a rescinded award for missing paperwork.
The Trophy Club Economic Development Corporation voted to approve its fiscal year 2026 budget and discussed ongoing activity in the Thrive Business Grant program during a meeting in which Joseph Longo presided as chair.
The adopted budget showed no change to projected revenues, which remained listed at $776,250, while the expenditure side was adjusted to reduce the Thrive Business Grant award to $150,000. Board members approved the budget by voice vote.
The budget change matters because the Thrive Business Grant is the largest discretionary economic…
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